Philadelphia Housing Authority joins with Mosaic Development Partners and SHIFT Capital to Break Ground on North Philadelphia Shopping Center and Housing Development called Sharswood Ridge
The Philadelphia Housing Authority (PHA) in partnership with Mosaic Development Partners and SHIFT Capital, today broke ground on Sharswood Ridge, a 234,000 square foot mixed-use development that will deliver housing and neighborhood retail to North Philadelphia’s Sharswood commercial corridor.
Financing small businesses shouldn’t be so damn hard. Here’s why.
In 2012, we at Shift Capital were on the verge of buying a large industrial property for next to nothing. The 120,000 square foot structure was built in 1920 to house a candy company, but now sat vacant — tantalizingly, just one block from a subway stop, a mere 10-minute ride from one of Philadelphia’s hottest downtown neighborhoods.
The Beury Hotel and the Residences at the Beury featured in Philadelphia Magazine
In Philadelphia Magazine’s February print edition, Sandy Smith, Home and Real Estate editor, spotlights our planned development at the legendary Beury Building on North Broad Street.
Work Where You Serve: Rethinking the Central Business District
Pictured: Witty Gritty, a Philly-Kensington-based marketing and event agency, enjoying their home at SHIFT’s MaKen Studios North.
In 2001, the Clinton Foundation moved its world headquarters to Manhattan’s most economically depressed neighborhood: Harlem, the storied “cultural capital of Black America.” The new location was an unconventional choice for the global philanthropic group, which would have had no problem covering rent in any skyscraper in any of Manhattan’s traditional commercial districts. The move was far from perfect and not without its naysayers. But the laudable concept that propelled the move was that of leveraging the organization’s economic power to positively impact the community that lay beyond the walls of the office, and helped contribute to a Harlem resurgence that has changed the landscape of New York City.
Shift Capital is the first in Philadelphia to provide its residential tenants with 24/7 telehealth access to doctors to help close the health equity gap
Shift is partnering with HEALTH+ to provide residents in its communities access to quality healthcare and low-cost prescription medications via two services, Teladoc and CleverRX. Teladoc will enable residents to contact a doctor through a phone call or video chat, and CleverRX will provide access to discount prescriptions. Shift is providing this service at no cost to the tenant.
Opportunity For Good: Five Ways Foundations Can Drive Meaningful Change Through Opportunity Zone Investments
The American landscape has the potential to be utterly transformed by Opportunity Zones — for the better or, perhaps, for the worse. Representing the most significant community development program to pass in a generation, the 8,700 designated Opportunity Zones across the country offer federal tax incentives great enough that real estate investors are now clamoring to pump billions, possibly even trillions, of dollars into underserved neighborhoods. The new program has already attracted $29 billion in community development investment capacity.
Tony Ewing joins Shift to help elevate our inclusive development strategies
Shift welcomes Tony Ewing as Principal of Development and Construction. Tony brings his veteran real estate development leadership and mission-driven focus to Shift. At Shift, he will lead our development and construction teams, guide strategic initiatives, help forge new partnerships, and collaborate on new acquisition opportunities, all to further our investments in economic and community […]
Momentum towards our mission: the Beury Building receives a RACP grant
Shift would like to thank Governor Wolf, Mayor Kenney, Representative Emilio Vazquez and Senator Sharif Street for working with us to secure $2 million in RACP (Redevelopment Assistance Capital Program) grant funds for the Beury Building.
Shift is proud to announce we have received a B for our work. We are a Certified B Corporation®.
Shift Capital, a social impact real estate group, is proud to announce it is a Certified B Corporation®. Shift joins the global community of Certified B Corporations (“B Corps”) with one unifying goal – to use the power of business to solve social and environmental problems.
Building cleaner, safer neighborhoods along Kensington Avenue and at the Beury Building
Over the last few years, our team at Shift Capital has focused on re-energizing the neighborhoods in Kensington north of Lehigh Ave as well around the intersection of Broad Street and Erie Avenue. We have invested in revitalizing commercial and residential properties, empowering local entrepreneurs and businesses, and partnering with community organizations. Two of our considerable investments have been Kensington Avenue and the Beury Building at the intersection of Broad Street and Germantown Avenue.
